investments in renewable energies. a predictable business environment n a business friendly...
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Investments in Renewable Energies
A predictable business environment
A business friendly environment and a functioning and stable legislative are the two key aspects for international investments
The Montenegrin macroeconomic system is characterised by many indicators reflecting these key aspects, i.e.
an existing stable economic growth with a realistic forecast up to 2025 (~6%/a),
a low inflation rate and a continuous reduction of unemployment, the “construction” of an open and competitive market under
harmonizing the local legislation with the EU regulations
In case of the envisaged energy development of MNE this growth-approach is documented in a clear framework. The white book on the “Energy Development Strategy of MNE by 2025”
MNE Hydro potentials for energy utilization
Compared to its surface, MNE has extremely rich water resources; water is the MNE's key resource of highest strategic interest
From its total hydro potential MNE is exploiting just 17% (1,8 TWh); at least another 5 TWh are still technically useable
Import of Electricity amounted one year ago 1,8 TWh – in the future, this dependency will tendentiously increase rapidly
Under the consideration of the preservation of the natural heritage of MNE there is a vital need for wise and rational investments in HPPs of each size
Major business areas of our company
Electricity - our largest field of business
67 power stations with an installed capacity of about 500 MW generating about 1 TWhel/a
Additional energy purchase rights primarily from common HPPs with AHP amounting to 1,5 TWhel/a
core competence: electricity from storage and pumped storage HPPs as well as run-of-river HPPs
Heat - operated by our affiliate
48 distance heating plants and 575 central heating stations sales of around 0,7 TWhth/a
leading supra-regional heating supplier in Austria core competence: heat from renewable energy sources, as they are
i.e. biomass, geothermal or waste heat
If you would like to receive our consolidated annual report,
please contact [email protected] or visit our homepage www.kelag.at
KELAG is represented in Montenegro by
Dr. Rodoljub Nikolic
Thomas-M.MaierDirector MNE activities
Tel.: +43 676 87801165
Thank you very much for your attention!